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Biden and Trump argued, Memecoin Market Shaken - Coin Bulletin
The TV debate between US President Joe Biden and former President Donald Trump has shaken the memecoin market.
There are many meme coins, inspired by Joe Biden and Donald Trump. The total market value of these politically themed tokens grew by about 7% in one day and reached over 1.3 billion dollars.
The decline began during the discussion
According to the information in CoinGecko's PolitiFi category, the total market value has fallen by 6.4% in the last 24 hours and has declined to 1.14 billion dollars.
The leading TRUMP, MAGA, TREMP, BODEN meme coins in this field have experienced value losses of up to 33%.
On the Solana blockchain, Jeo Boden (BODEN) dropped by 33.9% and Doland Tremp by 18.1%; on the Ethereum blockchain, MAGA (TRUMP) fell by 7.3%.
The performance of political-themed memecoins largely relies on the figure they represent. The TV debate between Joe Biden and Donald Trump provided clues as to which candidate might be ahead in the November presidential elections.
According to Memepad founder Max Jones, these memecoins serve as an unusual litmus test for “Trump, Biden and Robert F. Kennedy Jr.”
Donald Trump has made moderate statements on cryptocurrencies so far and accused Biden of hating Bitcoin.